STATUTORY AUDIT REPORT F.Y.2021-2022 OF GORAKSHANATH DEVELOPERS PRIVATE LIMITED CIN U45202MH2018PTC311272 PAN AAHCG3762D GORAKSHANATH DEVELOPERS PRIVATE LIMITED (CIN:- U45202MH2018PTC311272; P'AN:- AAHCG3762D) BALANCE SHEET AS ON 31st MARCH 2022 Figures as at Figures as at Particulars Note No. 31/03/2022 31/03/2021 I. EQUITY AND LIABILITIES (1) Shareholder's Funds (a) Share Capital 100,000.00 100,000.00 (b) Reserves and Surplus 1,850,620.00 1,936,520.00 (c) Money received against share warrants (2) Share Application money pending allotment (3) Non-Current Liabilities (a) Long-Term Borrowings (b) Deferred Tax Liabilities (Net) ()Other Long Term Liabilities (d) Long Term Provisions (4) Current Liabilities 6 (a) Short-Term Borrowings (b) Trade Payables () Other Current Liabilities 271,100.00 690,347.00 (d) Short-Term Provisions 25,499.00 579,845.00 Total Equity &Liabilities 2,247,219.00 3,306,712.00 II.ASSETS (1) Non-Current Assets 386,720.00 (a) Fixed Assets i) Gross Block (i) Depreciation ii) Net Block (6) Non-current investments () Deferred tax assets (net) (d) Long term loans and advances e) Other non-current assets (2) Current Assets (a) Current investments b) Inventories (c) Trade receivables 10 1,329,400.00 1,564,400.00 (d) Cash and cash equivalents 11 176,642.00 267,934.00 (e) Short-term loans and advances 9 730,857.00 L.072.17800 1,072,178.00 (f) Pre-operative Expenses 12 10,320.00 15,480.00 Total Assets 2,247,219.00 3,306,712.00 NOTES To ACCOUNTS The Schedules referred to above are extracts from books of accounts and form an integral part of the report As per My report on Even Date SHIKHA For Gorakshanath Developers Private Limited M.No. AO MADA H DEV ATH ELOPS 156012 NASHIK ob ( We ED AC COUN Rakesh c Amrutakr Anil K Wani CA Shikha R Madan (Director) (Director) Membership No:- 156012 Din: 07649773 Din: 08167708 Place:- Nashik Date:- 22.08.2022 UDIN :22156012APQXMN6751 PRIVATE LIMITED GORAKSHANATH DEVELOPERS (CIN:-U45202MH2018PTC311272; PAN: AAHCG3762D) MARCH 2022 ACCOUNT AS ON 31st STATEMENT OF PROFIT AND LOSS Figures as at Figures as at Note Particulars 31/03/2022 31/03/2021 No. () INCOME 13 59,458,000.00 (a) Revenue from Operations (b) Other lIcome TOTAL INCOME 59,458,000.00 EXPENSESs (a) Cost of Material Consumed 16,720,498.00 6) Purchases of Stock in Trade c) Changes in inventories of finished goods 14 1,786,720.00 (d) Employees Benefits Expenses (e) Finance Cost Depreciation and Amortization Expenses (8 Other Expenses 16 85,900.00 39,559,070.00 85,900.0O 58,066,288.00 TOTAL EXPENSES (85,900.00) 1,391,712.00 Profit before exceptional items & tax Exceptional Items Profit before tax -85,900.000 1,391,712.00 Tax Expenses (a) Current Tax 463,579.00 b) Deferred Tax Profit After Tax -85,900.00 928,133.00 Earning Per Share (Face Value of Share Rs 10/- Per Share) -8.59 92.8133 (d) Long term loans and advances (e) Other non-current assets -8.59 92.8133 NOTES TO ACCOUNTS The Schedules referred to above are extracts from books of accounts and form an integral part of the report As per My report on Even Date For Gorakshanath Developers Private Limited DEVEEVELO HAR. M No. 56012 MADA ATHO NASHIK ) EDA CA Shikha R Madan OUNT Membership No:-156012 08 Rakesh c Amrutakr (Director) Din: 07649773 Anil K Wani (Director) Din: 08167708 Place:- Nashik Date:-22.08.2022 Gorakshanath Developers Private Limited NOTES TO FINANCIALSTATEMENTS AS AT31ST MARCH2022 Note No. cOMPANY OVERVIEW: orakshanath Developers Private Limited is a company incorporated under the provisions of the Companies Act 2013. Ihe Company is engaged in the business of errection and cosntruction of residencial, commercial,factory building.civil construction, land developer,industrial projects,housing colonies,any building with all civil works and civil allied works in any sectors of every descriptions on any land of the company or upon any other lands or property and to deal in land &property for any agriculture & non agriculture land of any tenure of any entered in the same. 2 Significant Accounting Policies &Notes on accounts: 2.1 Use of estimates: The preparation of the financial statements in conformity with Indian GAAP requires the Management to make estimates and assumptions considered in the reported Rupees of assets and liabilities (including contingent liabilities) and the reported income and expenses during the year. The Management believes that the estimates used in preparation of the financial statements are prudent and reasonable. Future results could differ due to these estimates and the differences between the actual results and the estimates are recognized in the periods in which the results are known/ materialize. 2.2 System of accounting: (a) The Company follows the mercantile system of accounting and recognises income and expenditure on accrual basis. Financial Statements are based on historical cost convention. 2.3 Fixed Assets and Depreciation: (a) Tangible Assets Fixed assets are stated at cost less accumulated depreciation / amortization. Cost includes original cost of acquisition, including incidental expenses related to such acquisition and installation and other expenditure incurred in bringing them usable condition. (b) Intangible Assets Intangible assets are recognized, only if probable that the future economic benefits that are attributable to the assets can be measured reliably. The intangible assets are recorded at the cost and are carried at cost less accumulated amortization and accumulated impairment losses, if any. C) Depreciation on fixed assets is provided on the straight line Method over the estimated useful ife of the assets at the rate prescribed under schedule II to the Companies Act, 2013 Viz. Computers and Computer Softwares @31.67% furniture & Fixtures9.5 %, Electrical Installation & Office Equipment19%. 2.4 Revenue Recognition: Revenue is recognized to the extent it is probable that the economic benefits will flow to the Company and that the revenue can be reliably measured,. Revenue from technical and engineering services is recogmized on completion of services to the customers. GORAKSHANATH DEVELOPERS PVT. LTD. PARTNER PARTNER 2.5 Employee Benefit Expense: to the company. The liability for In the opinion of the Company the provisions of Provident Fund Act are not applicable will be accounted at the time of Gratuity and Leave Encashment benefits, if any, in respect of past employments payment. 2.6 Current & Deferred Taxes Income taxes are accounted for in accordance with according with Accounting Standard 22 on Accounting for taxes on income. Income taxes comprise both current and deferred tax. Current tax is measured at the amount expected to be paid to/ recovered from the revenue authorities, using applicable tax rates and laws. Deterred tax is recognised on timing differences, being the difference between taxable income and accounting income that originate in one period and capable of reversal in one or more subsequent periods. In the opnion of the Board the current assets, Loans and Advances have a value on realisation in the ordinary course of 2.7 business at least equal to the sum stated. The company has caried out physical veriítication of Fixed Assets cduring the Year and the material discrepancies if any 2.8 noticed on verification between the physical status and the books of accounts have been written off. The auditors have relied on management representation in this regard. Disclosure as per Schedule II to the Companies Act,2013 of "Specified Bank Notes"(SBN) transacted during 08.11.2016 to 30.12.2016 Particulars SBN Other Denominations Total Closing Cash in hand on 08.11.2016 (+) Permitted receipts Permitted payments Amount deposited in banks Closing Cash in hand on 30.12.2016 Current Year Previous Year Rupees Rupees 2.10 Earning in Foreign Currency (accrual basis) Earnings in Foreign Exchange 2.11 Expenditure in foreign Currency NIL NIL 12 Auditors Remuneration ) As Auditor 12,000 35,000 As advisor,or in any other capacity in respect of Tax Audit .13 The MAT credit entitlement has not been recognized as an asset in view of uncertainty as to the amount that can be set off in the year in which the company is liable to pay tax as per the normal provision of the Income Tax Act, with in the specified period to availed mat credit. 14 The Company has no fixed deposits. GORAKSHANATH DEVELOPERS PVT. LTD. MADAY K H A R sh w M.No. PÁRTNER PARTNEO 156012 COUNT ERED ACC 15 Related Party Disclosure Name of the Related Party and Entities in which key management personnel will have control or Mr. Anil Wani - Director Mrs. Jayashree Malpure - Director Mr. Kiran Yeola- Director Mr. Umesh Navarkar- Director Mr. Ashok D Rajguru- Director New Pawanputra Construction-Firm ) Transactions with related parties As at March 31 As at March 31,2021 2022 Unsecurred Loan From Related Parties 271,100 3,204,163 Director's Remuneration 700,000 16 Previous year's figures: Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the currentyear's classification/ disclosure. Impactof the CoVID-19 onthe business: Due to an ongoing COVID-19 pandemic across the world, company was unable to achieve the estimated sales during the year 2019-2020. There was large impact on placing of orders by customers during last weeks of March 2020 and transport and other logistic restriction caused major impact on debtors of the company which has also affected the operations of the company. The company expects major challenge of resource, capital and liquidity causing difficulty in meeting company's financial obligations in coming year 2020-2021 also impacting on overall profitability of the Company. Complete and Significant impact and effect of COVID-19 on the capital and financial resources, profitability and liquidity position shall be more particularly viewed and disclosed in the Financial Results for the year ended on March 31, 2021 as almost 2 months from the commencement of that financial year had sever hit of the COVID -19 In terms of our report attached. As per My report on Even Date For Gorakshanath Developers Private Limited SHIKHA R. MAG ATHO NELOA 156012 M.No NASHIK OPERS ERED ACCoU Kakesh C Anil K Wani Amrutkar CA Shikha R Madan (Director) (Director) Membership No:-156012 Din:07649773 Din:08167708 Place:- Nashik Date:- 22.08.2022 GORAKSHANATH DEVELOPERS PRIVATE LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS NOTE 3 i) SHARE CAPITAL As at 31st March 2022 As at 31st March 2021 PARTICULARS No. of No. of Shares Amount Amount Shares 1) AUTHORISED Equity Shares of Rs.10 each fully paid up 10,000 100,000 10,000 100,000 10,000 100,000 10,000 100,000 2) 1SSUED SUBSCRIBED& PAID UP Equity Shares of Rs.10 each fully paid up 10,000 100,000 10,000 100,000 i) RECONCILIATION OF NUMBER OF SHARES OUTSTANDING AT THE BEGINNING AND AT THE END OF THE YEAR As at 31st March 2022 PARTICULARS As at 31st March 2021 No. of No. of Shares Amount Amount Shares (A) Equity Shares 1Shares Outstanding at the beginning of the 1) yeat 10,000 100,000 10,000 100,000 2) Changes during the year 3) Shares Outstanding at the end of the year 10,000 100,000 10,000 100,000 ii) TERMS/RIGHTS ATTACHED WITH EQUITY SHARES The Company has issued only one class of equity shares having a par value of Rs.10/- per share. Each holder of equity shares is entitled to one vote per share. The dividend, if any, proposed by the Board of Directors is Subject to the approval of the equity shareholder in their ensuing general meeting. Ia the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all Preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders. iv) Details of shares held by holding company and subsidiary of its holding company: There is no holding company or subsidiary of its holding v) DETAILS OF SHAREHOLDERS HOLDING MORE THAN 5u SHARES IN THE COMPANY As at 31st March 2022 As at 31st March 2021 PARTICULARS No. of No. of Shares Ya of Holding o of Holding Shares 1) Mr. Rakesh C Amrutkar 2,200 22% 2,2 00 22 2) |Mr. Anik K Wani 2,000 20%| 2,000 20% 3) Mr. Kiran R Yeole 1,800 18% 1,800 18% 4) Mrs. Jayashree P Malpure 1,400 14% 1,400 14% 5) Mr. Ashok D Rajguru 1,300 13% 1,300 13% 6) |Mr. Umesh S Navarkar 1,300 13% 1,300 13% vi) There are no bonus shares issued, shares issued for consideration other than cash and shares bought back during the period of five years immediately preceding the reporting date. IKHA GORAKSHANAFH DEVELOPERS PVT. LTD AA MAOBAN No 156012 PARTNER PARTNFR ER ACCO GORAKSHANATH DEVELOPERS PRIVATE LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS 31ST MARCH, 2022 Note As at As at No. 31.03.2022 31.03.2021 Rupees Rupees RESERVES AND SURPLUS SURPLUS IN STATEMENT OF PROFIT AND LOSS Opening Balance 1,008,387.00 1,936,520.00 (+) Profit for the year (85,900.00) 928,133.00 Closing Balance 1,936,520.00 1,850,620.00 NON CURRENT LIABILITIES Total CURRENT LIABILITIES 6 (a) Short Term Borrowing: 271,100.00 690,347.00 Ashok Dattatray Rajguru 61,100.00 61,100.00 Rakesh Amrutkar Loan 329,247.00 New Pawanputra Constructions 210,000.00 300,000.00 6) Trade Payables c) Advance from Customer: Rahul R Kapse (d) Short Term Provisions: 25,499.00 579,845.00 Audit Fees Payable 12,000.00 Completion Charges Payable 145,630.00 Consultancy Charges Payable 4,999.00| Professional Fees Payable 8,500.00 Provision For Tax 434,215.00 Total 296,599.00 1,270,192.00 NON CURRENT ASSETS 386,720 Advance Tax 300,000 Income Tax Refund 86,720 LONG TERM LOANS & ADVANCES (Unsecured, considered good) Security Deposits of Rented Premises SHORT TERM LOANS & ADVANCES Advance to Suppliers: Loans to Related Parties Anil K Wani(HUF) 193,427.00 193,427.00 Jayshree P Malpure 188,960.00 188,960.00 Kiran Ramdas Yeole 192,100.00 192,100.00 Umesh Suresh Navarkar 156,370.00 156,370.00 Loans to Unrelated Parties: 341,321.00 Sandip Patil Total KHA R. MADA 730,857.00 1,072,178.00 Vi No GORAKSHANATH DEVELOPERS PVT, LTD. 156012 RED ACC PARTNER PARTNE TRADE RECEIVABLE 10 1,329,400.00 1,564,400.00 Arvind Vilas Bagade 171,000.00 171,000.00 Avinash Suresh Mahajan 125,000.00 125,000.00 Chandan Narayan Mahajan (69,100.00) (69,100.00) Devidas Madhukar Pawar 160,000.00 160,000.00 Devidas Vilas Khairnar 50,000.00 50,000.00 Gayatri Kunal Songire 55,000.00 55,000.00 105,000.00 Kunal Vasudeo Songire 105,000.00 Nilesh Buwa 180,000.00 180,000.00 97,500.00 Purushotam Bagade 97,500.00 Rahul Ashok Pagare 150,000.00 150,000.00 Rahul R Kapase (250,000.00) (250,000.00)| Rajendra Pundlik Badgujar 135,000.00 Sagar Madhavrao Patil 135,000.00 135,000.00 Santosh Kewal Kakali 320,000.00 320,000.00 Swapnil Pramod Chaudhari 100,000.00 100,000.00 Vishal Arun Chaudhari 100,000.00 CASH AND CASH EQUTVALENTs 11 Cash on Hand 68,997.00 237,821.00 Balances With Bank (a) Bank Balances in Current Account 107,645.00 30,113.00 Total 267,934.00 176,642.00 PRE OPERATIVE EXPENSES 12 10,320.00 15,480.00 Preliminary Expenses Borrowing Cost to be Capitalized 10,320.00 15,480.00 MAD, GORAKSHANAFH DEVELOPERS PVT. LTD. PARTNER FASTNF GORAKSHANATH DEVELOPERS PRIVATE LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTs 31ST MARCH, 2022 Partticulars Note As at 31.03.2022 As at 31.03.2021 No. Rupees Rupees REVENUE FROM OPERATION 13 Income from Sale Of Flats 59,458,000.00 Other Income Total 59,458,000.00 EMPLOYEE BENEFITS EXPENSES 14 3 Director's Remuneration 1,786,720.00 Total 1,786,720.00 OTHER EXPENSES 16 1 Auditors Remuneration: 2 Audit Fees 12,000.00 35,000.00 3 Accounting Charges 5,000.00 93,500.00 4 Bank charges 147.0 308.0 5 Business Promotion Expenses 51,900.00 6 Commission 770,000.00 Completion Charges 145,630.00 10 Electricity Expenses 49,880.00 11 Freight & Packing Charges 65,642.00 12 GST On Flat Sold 703,560.00 13 Labour Charges 11,417,650.00 14 Lates Fees On GST 180.00 4,500.00 16 Miscellance Expenses 15,503.00 62,074.00 18 Office Rent 120,000.00 19 Incorporation Expenses Writeoff 5,160.00 5,160.00 20 Interest& Finance Charges 39,410.00 92,392.00 21 Professional Fees 8,500.00 605,000.00 22 Property Tax Paid 10,369.00 23 Plot Purchased & TDR,Material Purchase 22,574,729.00 24 RERA Registration Charges 1,776.00 25 Stamp Duty & Registration Charges 2,750,000.00| Total 85,900.00 39,559,070.00 CHANGES OF INVENTORIES 15 Work- In- Progress Opening Balance 16,720,498.00 Less: Closing Balance 16,720,498.00 EARNING PER EQUITY SHARES (EPS) 17 1) Net Profit after Tax (Rs.) -85,900.00 928,133.00 Adjusted weighted average number of equity shares outstanding (No.) 3) Nominal Value Per Share (Rs.) 4) Basic and Diluted Earning Per Share (Rs.) S A I K GORAKSHANATH DEVELOPERS PVT. LTD. M.No. 156012/ IERERED CCOUN PARYNER PARTNER Accreted Income & Tax Dotall Taxable Income and Tax detalls D 5TE N = O O O D H 3 O TA IL N P O J T S O G (D N N N N O N N N N I GORAKSHANATH DEVELOPERS PRIVATE LIMITED : 2022-2023 (AAHCG3762D) S h o W n in in the Profit & Loss A/c ds ProtitcS PROFIT u / s 115JB -85900 Net - 85900 Profit Book on 158 111L BANK INFORMATI ON NAME O F BANK ACCOUNT No Deposited IFSC Acc Type CR Amount Ltd ICICI Bank 002705015634 0 ICIco000027 . Current DIRECTOR INFORMATION - - Address PAN Name Designation ROW HOUSE NO 3 1. RAKESH ALLPA9730B CHANDRAKANT VIR LAXMI ROW Managing Director AMRUTKAR HOUSE PATHARDI PHATA 2. ANIL KASHINATH NEW PLOT ANANDA APPWO120J Directoor WANT COLONY AMALNER 3. UMESH SURESH N-41/BB-2/7/12 AHTPN3789M Director NAVARKAR NEAR SHIV MANDIR PANDIT NAGAR CIDCO 4. ASHOK DATTATRAY N-41/CE-1/5/16 AIVPR7304M Directo RAJGURU SHIVSHAKTI CHAUK HEDGEVAR NAGAR JAYASHRI PRAVIN 05RAJASHRI EMPIRE BVZPM7219Q Director MAL PURE KAMATWADE SHINAR ABHIYANTA NAGAR CIDCO 6. KIRAN RAMDAS B-208 LAXMI NIWAS AASPY8525G Director YEOLE CO OP HSG SOCIETY NR GOKULANGAN KRUSHNA TOWNSHIP SHARE HOLDER INFORMATION Name Address PAN 1.RAKESH ROW HOUSE NO 3 ALLPA9730B CHANDRAKANT AMRUTKAR 2.ANIL KASHINATH NEW PLOT ANANDA AAPPWO120J WANI COLONY 3.UMESH SURESH N-41/BB-2/7/12 AHTPN378 9M NAVARKAR 4.ASHOK DATTATRAY N-41/CE-1/5/16 AIVPR7304M RAJGURU 5.JAYASHRI PRAVIN 05RAJASHRI EMPIRE BVZPM7219Q MALPURE 6.KIRAN RAMDAS B-2208 AASPYB525G YEOLE 7.RAKESH ROW HOUSE NO 3 ALLPA9730B CHANDRAKANT AMRUTKARR MAO M NO Page- 2 of 3 156012 GORAKSHANATHDEVELOPERS PVT. LTD. A C T R U E COPY ( PARTNER PARTNER :GOR OAKSHANATH DEVELOPERS PRIVATE LIMITED NANIE 2022-2023 (AAHCG3762D) NEW PL PLOT ANANDA NEN AAPPWO120J KASHINA TH ONY NIL N-41/BB-2/7/12 AHTPN3789M WANT ,UMSSH SURESH NA1ARAAR DAr7aTRAY TRAY N-41/CE-1/5/16 N - 4 1 / c AIVPR7304M ASHOK . AJGURU VIN 05RAJASHRI EMPIRE BVZPM72190 / .J A Y A S H R I P R A V I N N AP L URS -208 AASPY8525G 12.KIRAN RAMDAS M.NO ADA ED d C c o U T R U E C O P Y Page- 3 of 3 GORAKSHANATH DEVELOPERS PVT. LTD. i l e Creation Info Version: 1 . 4 2 . 6 . 0 Product: - TaxbasePRO PARTNER PARTNE